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...market's reaction to the S&P Case Shiller data showing the home prices dropped almost 19% in March was that the data is old, so there is no point in giving it much attention. The market seemed to shrug it off by posting large gains...

Author: /time Magazine | Title: Housing Is Not Just Bad, It's Getting Worse | 5/27/2009 | See Source »

...Almost every analyst or forecasting group of any substance has offered opinions over the last few weeks, regarding the performance of the economy for the last half of this year. Paul Krugman, Alan Greenspan, Paul Volker, and several other members of the Fed, posted their forecasts. The CBO and FOMC issued long reports weighed down with unimaginable data and their projections...

Author: /time Magazine | Title: Summer 2009: The Long Wait for Evidence of a Recovery | 5/26/2009 | See Source »

According to United Nations figures, of the 2,118 Afghan civilians killed in 2008 - an almost 40% increase versus the year before - coalition and Afghan forces accounted for 828, largely from errant air strikes and raids. Until the Bola Boluk incident, one of the worst tolls was exacted on celebrants of another wedding occasion in July in eastern Nangarhar province. Mistaken intelligence reports of an insurgent gathering prompted a U.S. air strike that left 47 people dead...

Author: /time Magazine | Title: How Afghanistan's Little Tragedies Are Adding Up | 5/26/2009 | See Source »

...people have an increasing amount of time and money to spend on leisure, more and more fans like Wang Yuyu are getting involved in building the game, though it is not an easy business. It took Wang almost six months to find sponsorship for this year's Huilongguan Super League. "I do worry about how far we can go," admits Wang. "We grew up watching football and we love this game. But if Chinese football does not reform, will our children still share the same passion...

Author: /time Magazine | Title: In Beijing Burbs, Chinese Soccer Gets Its Game On | 5/26/2009 | See Source »

...Soccer - referred to here as football - has been slow to catch on in China. When the Republic of China was founded in 1949, authorities took control of the development of all sports and turned them into yet another political project to achieve international recognition. Almost all resources for sports development went to élite sports schools that serve as talent pools to represent China in international sports events. Amateur sports, with little political significance, have been largely ignored. China established its first professional football league in 1994, following the example of European leagues. The system, however, never fully embraced...

Author: /time Magazine | Title: In Beijing Burbs, Chinese Soccer Gets Its Game On | 5/26/2009 | See Source »

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